EURUSD reached resistance at 1.3041 & over ran slightly to 1.3054. A push through 1.3045/54 does look possible today for a crawl higher to 1.3094, possibly a retest of 1.3134/37 which would be expected to cap a move to the upside.1.2965/55 support marked the low last week. A break today however cannot be ruled out in this down trend, to target 1.2890/80 & if this fails we should test the 200 day MA at 1.2862. We will be watching for a bounce in this area today.
Long term levels1.3711 2013 High1.3525 200 Week Moving Average1.3486 2012 High1.3327 100 Week Moving Average1.3134 Last week’s high1.3127 100 Week Moving Average1.2955 Last week’s Low1.2877 50% Fibonacci1.2860 200 Day Moving Average
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